St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-25
A RT1cLEs OF INCORPORATION OF

A RTICLES OF INCORPORATION OF
II the Grand Marais and Vermilion Iron
& Land Company. The persons whose
names are hereunto subscribed do hereby
associate themselves together for the pur-
pose of becoming corporation, under and
by virtue Of the laws of the state of Mime
sofa in such case made and provided, and for
that purpose do hereby adopt and sign these
articles of incorporation as follows viz:
Article 1.-The name of this corporation
shall be the Grand Marais and Vermilion
Iron & Land Company.
Art. 1.-THE general nature Of its business
shall be to buy, own, hold, possess sell and
deal in lands and real estate of every descrip-
ton; to build upon. cultivate and improve
lands; to plat, subdivide and lay out land
into townsites, additions, lots and blocks; to
sell. convey, let, lease, demise, charge, mort
gage or otherwise cucumber lands and real
estate; to dig, mine, smelr, ship, transport,
manufacture and deal in ores, metals, quartz,
rocks, and minerals Of any and every sort
and description.
The principal place of transacting the
business of this corporation shall be the city
of st. Paul, Ramsey county, Minnesota.
Art. III.-The time of the commencement
Of this corporation shall be the 18th day of
December, 1887. and the period of Its con-
tinuance shall be the term OF thirty (3O)
years thereafter.
Art. IV.-The amount of the capital stock
of this corporation shall be $1,000, 900 di-
vided into 10000 shares of $25 EACH
me same Slall De phlU III aL Tue llI1cS anu
in the manner that the board of directors of
said corporation shall decide and determine.
Art. V.-The highest amount of indebted
ness to which this corporation shall at any
time be subject shall be $25, 900.
Dart. VI.-The names ana places OF resi-
dence of the persons forming this corpora
ton are as follows. viz: George M. Smith,
Duluth, Mimi. Charles T. Dunbar, st. Paul,
Mimi; Andrew Delany, ST. Paul, Mimi; ;
Joseph E. MeWilliams, St. Paul. Mimi;
ial-I 10 Dot,1 Inn oIr,t,
W. Cavenaugh. st. Paul, Mimi: Thomas w.
Kennedy st. Paul, Mimi; Cornelius II. Muir
ply, st. Paul, Mimi. Alexander C. Dunn,
Duluth, Mimi; Frederick W. r. Perry, De-
troit Mich; Frank L'Hommedieu, Detroit,
Mich.
Art. VII.-The government Of this corpo-
ration and the management of Its business
and affairs shall be vested in board of seven
directors. They shall be selected annually
by and from the stockholders OF said corpo-
ration at each annual meeting thereof, which
shall be held on the second Tuesday of De-
cember in each and every year at the princi-
pal Office Of said corporation in said st.
Paul, except that no annual meeting thereof
shall be held during the year 1887. Said
directors shall hold Office for one year, or
until their successors are elected in their
stead. The annual meeting of the board of
directors of this corporation shall be held at
its. principal office in said st. Paul immedi-
ately after the adjournment of the annual
meeting of the corporation. The first board
Of directors shall consist of the following
persons, viz: George M. Smith, Charles I.
dunbar, Joseph Z. New illiams. Andrew
Delaney. James F. Van Sickle, Ralph W.
Cavenaugh, Thomas w. Kennedy. They
shall hold Office until the annual meeting of
this corporation for the year 1888, or until
their successors are elected in their stead.
The officers of this corportion shall be
president, vice president; and secre;
tary and treasurer. They shall be elected
by the board Of directors at each an
nual meeting thereof, and shall hold office
for one year, or until their successors are
elected in their stead. They shall perform
such duties and have such power as the by;
laws OF the corporation shall prescribe and
any two of such offices, except those of presi
dent and vice president, may be held by the
same person. The first officers of this cor
poration shall be the following persons, viz:
President. Thomae W. Kennedy; vice presi.
dent, James g.. Van Sickle; secretary and
treasurer Ralph W. Cavenaugh. They shall
hold office until the annual meeting of the
board of directors for the year 1888, or until
their successors are elected in their stead.
In witness whereof we have hereunto set
our hands and seals this 29th day of Novem-
hor A n